Saad Ullah
⬤ Advanced Micro Devices (NASDAQ: AMD) jumped more than 7%—around $17 per share—following a massive surge in options activity. Traders bought over $37 million worth of single-leg call options, showing aggressive bullish positioning. The stock had been flagged earlier for unusual options flow, which seems to have foreshadowed the sharp rally.
⬤ The options flow data tells the story clearly: call premiums spiked above $40 million early in the session, while put premiums barely budged at $4.35 million. AMD's stock peaked near $261 before settling around $255 by the afternoon. The lopsided activity—heavy call buying with almost no bearish bets—points to strong conviction that the stock had room to run.
⬤ Most of the call buying happened in the first hour of trading, a classic sign of institutional players making big moves. That early surge in both premium and price is typical of momentum-driven breakouts. This was one of AMD's largest single-session call inflows in recent memory, adding fuel to the bullish narrative around the stock.
⬤ The options surge reflects renewed optimism around AMD's prospects, especially with semiconductors and AI stocks rallying broadly. That said, concentrated call buying can also crank up short-term volatility if momentum fades. With AMD now hovering around $255, the key question is whether it can hold above the $255–$260 zone—a level that could decide if today's spike turns into a sustained breakout or just a one-day pop.
Saad Ullah
